Gold correction from resistance $1,337

In the previous week, gold climbed further and reached the resistance area $1,325 – $1,337. This week, the price started by a bearish correction toward $1,325 and trying to limit the downside below the support. As long as the price could maintain the position above $1,325 then there is a chance for the precious metal to extend its upside.

Today critical levels to watch:

Support: $1,325, $1,320, $1,300

Resistance: $1,337

Silver major bearish reversal

Silver reached $15.00 resistance in the previous week and closed near it. However, at the start of this week, the price slide lower and erased most of the previous week gains. The price seems could continue its downward movement and test $14.40 again soon.

Today Critical levels to watch:

Support: $14.40, $14.00

Resistance: $14.80, $15.00

Crude oil retesting $54.50 broken support

$54.50 support level has been broken and the price of crude oil extends its weakness to a level near $50.00. No change to the bearish traction yet after technical bounce happened. Currently, the price is testing $54.50 and showed a bearish reaction. Will crude oil closed lower and resume its bearish trend?

Today critical level to watch:

Support: $52.40

Resistance: $54.50, $55.00, $57.60